SOLDMultiFamily
Brentwood Investment Group Acquires 298-Unit Multifamily In Atlanta For $42M
1991 Delowe Drive, Atlanta, Georgia 30311, United States
$42,000,000
Units
298
Asset Type
MultiFamily
Closing
Jun 5, 2022
AI
The multifamily property located at 1991 Delowe Dr in Atlanta, GA has been sold for a price of $42,000,000. The property consists of 298 units with a price per unit (PPU) of $140,940.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Units: 298
- Price per Unit (PPU): $140,940
The buyer of the property is Brentwood Investment Group, LLC, while the seller is Middleburg Communities represented by Michael Bediones.
Players
Atlanta MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93